Cost of Living: Young People
The question
To ask the Chancellor of the Exchequer, what steps she is taking to support young people with the cost of living.
Answered by James Murray
At the Autumn Budget in 2025, the government took action to bear down on prices and target everyday expenses, including taking an average of £150 off household energy bills from this April.
The Renters’ Rights Act 2025 will strengthen protections for private renters and help tenants challenge unreasonable rent increases.
Alongside this, from this April, the government is increasing the 18-20 National Minimum Wage by 8.5% and the 21+ National Living Wage by 4.1% – equivalent to a £1,500 and £900 annual pay boost respectively for a full-time worker.
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